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Keep abreast of current issues affecting Michigan’s competitiveness, both nationally and around the globe, and learn what the private sector is doing to stimulate and grow our economy.

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Entries in Manufacturing (1)

Sunday
Aug072011

Michigan Can't Innovate Without Manufacturing

A recent study by researchers at Carnegie-Mellon and MIT reinforce growing concern that a loss of manufacturing jobs adversely impacts a nation's strength in innovation, research and development.  For example, the migration of manufacturing from the United States to Asia could be having a significant impact on which advanced technologies are commercialized.  There is evidence that the shift is curtailing the development of emerging technologies in areas such as optoelectronics and advanced materials for the automotive industry according to a study.

For years some have advocated that Michigan should "diversify" its economy away from its core automotive and manufacturing sectors as a way of insulating itself from economic volatility and to grow its innovation sectors.  But this study adds more evidence that manufacturing is critical to our nation's future and that Michigan would be well served to retain and grow as much of it as we possibly can.